Centre transfers 1st tranche of ₹6,000 cr to states to meet GST shortfall

The Centre on Friday borrowed and transferred ₹6,000 crore as first tranche to 16 states and two UTs under the special window to meet the GST revenue shortfall. The interest rate has been fixed at 5.19%. Out of the 21 states that opted for the special window, five did not have any revenue shortfall, the Finance Ministry said.